1, Phala is the privacy computing infrastructure of Boca. Phala Network is a parallel privacy computing chain on a wave card. Based on the economic incentive mode similar to pow, Phala released the privacy computing power of countless CPUs, and used the parallel chain of Apollo card to serve other applications such as Defi and data service on Apollo card. Phala-based applications pLibra and web3 Analytics have been funded by the web3 Foundation.
2.Phala aims to be the privacy protection infrastructure of Web3.0. Based on the development of Substrate, the confidential smart contract is realized through the TEE blockchain architecture, which can provide privacy computing services for Boca Eco. The main goal of this project is to create a confidential data computing protocol that can really negotiate quickly to make up for the shortcomings of traditional Internet data privacy protection products.
3. The total circulation of 3.pha will reach 654.38+0 billion, of which 70% can be mined by miners and 6543.8+0.5% can be mined by miners. Airdrop accounts for 9%, team accounts for 5%, and community construction in front of the main network accounts for 1%. Then the production distribution rules are: the total output is 720,000 units per day, with a decline of 25% every six months, 50% for personal computers, 30% for miners and 20% for project parties. To sum up, 80% of the daily emissions go to miners and 20% to ecological construction.
1. Mining machine is one of the ways to obtain pha. Pha (Bitcoin) is a kind of network virtual currency produced by open source P2P software. It is not issued by a specific monetary institution, but is produced by a large number of calculations of a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transaction behaviors. The decentralized nature of P2P and the algorithm itself can ensure that the currency can not be manipulated artificially and create a large number of bitcoins.
2. Any computer can become a mining machine, but the benefit will be relatively low, and it may not be possible to dig a pha in ten years. Many companies have developed professional bitcoin mining machines, equipped with special mining chips, which are dozens or even hundreds of times faster than ordinary computers.